(Health-NewsWire.Net, January 11, 2022 ) According to MarketsandMarkets, the global marine collagen market size is estimated to be valued at USD 778 million in 2021 and projected to reach USD 1,137 million by 2026, recording a CAGR of 7.9% during the forecast period.
The market is strongly driven by the growing millennial population, shifting consumer preferences, augmentation of beauty and personal care industry, and increase in supplementary income among consumers. The convergence of major industry trends is giving rise to new opportunities for key players in the industry, as the market size is witnessing substantial increase.
Download PDF Brochure
The market in the developing regions is well-positioned for strong growth in the coming years. Regions witnessing steadfast economic development such as the Asia Pacific, are presenting promising prospects for the growth and expansion of the marine collagen market. Manufacturers across the globe are investing in prospective areas and hightailing the manufacturing extent of marine collagen in order to meet the rising demand worldwide.
Marine collagen helps fight the formation of wrinkles, accelerate the skin renewal process, and maintain the structure and strength of the hair. This makes it the most preferred ingredient in cosmetic products, especially for skin-care and hair-care applications. The usage of marine collagen is expected to propel at a robust pace, as consumers are becoming increasingly aware of the benefits offered by the beauty and personal care industry.
Asia Pacific is projected to dominate the market during the forecast period. This dominance is attributable to the rising millennial population in Asian countries, the increasing supplementary income, surging internet penetration which has led to awareness regarding beauty and wellness trends, and high demand of cosmetic and nutraceutical products in countries like China and Japan. These are some of the major factors driving the growth of the marine collagen market.
Make an Inquiry
Key market players include Ashland (US), Darling Ingredients (US), Nitta Gelatin (US), Gelita (Germany), Italgelatine (Italy), Nippi Collagen (Canada), Weishardt (France), Titan Biotech Limited (India), Amicogen (South Korea), Rousselot (Netherlands), Seagarden (Norway), Lapi Gelatine (Italy), Connoils (US), Foodmate (China), Cobiosa (Spain), BHN (Japan), Certified Nutraceuticals (US), Jellagen (UK), Copalis.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Mr. Aashish Mehra